Distressed Retail: Page 14
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Daphne Howland/Retail Dive
Sears owner plans to sell its corporate HQ
The sale would be yet one more disposed asset in an ongoing fire sale by the shrinking retailer.
By Ben Unglesbee • Dec. 17, 2021 -
(2007). Retrieved from Wikimedia Commons.
99 Cents Only downgraded by Moody's
The dollar store chain, based largely in the Southwest, has underperformed compared to its peers during the pandemic and struggled to pay down its debt.
By Ben Unglesbee • Dec. 15, 2021 -
Adeline Kon/Retail Dive
How money shapes retail
A close look into the many ways financial interests and players shape the industry and the lives of companies.
By Ben Unglesbee • Dec. 8, 2021 -
Saeyong Ra, John. (2007). "Sean John" [photograph]. Retrieved from Flickr Pro.
Sean Combs regains control of Sean John brand for $7.6M
The streetwear label was founded by Combs in 1998, who maintained a stake when it was sold to brand holding company GBG five years ago.
By Daphne Howland • Updated Dec. 22, 2021 -
FatCamera via Getty Images
Sponsored by ProductsupLeave commerce chaos behind in 2021. Ring in 2022 with P2C.
Only a P2C strategy will help retailers tame commerce chaos in 2022.
Dec. 1, 2021 -
Kmart is closing its last store in birthplace of Michigan
A decade ago, Kmart had more than 1,300 stores under its banner. Today it has less than two dozen — and counting.
By Ben Unglesbee • Nov. 17, 2021 -
Global Brands to wind down
The company, which owns brands and makes products for others, has been facing severe liquidity shortages and strains from the pandemic.
By Ben Unglesbee • Nov. 9, 2021 -
Shutterstock, by DGLimages
Sponsored by Oracle RetailConsumers already holiday shopping to avoid the supply chain grinch
Oracle Retail survey finds consumers on edge over high prices, out-of-stock products and delivery delays.
By Rose Spicer • Nov. 8, 2021 -
CBL exits bankruptcy, jettisons $1.7B in debt
The mall operator filed for Chapter 11 last fall as retail bankruptcies and unpaid rent during the pandemic's worst months took their toll.
By Ben Unglesbee • Nov. 2, 2021 -
Ryan Pierse via Getty Images
Sequential sells activewear brands to private equity for $330M
The brand conglomerate struggled under a heavy debt load until it declared bankruptcy earlier this year and made plans to sell its assets.
By Daphne Howland • Nov. 1, 2021 -
Washington Prime Group CEO out as bankruptcy winds up
The mall REIT is now majority owned by investment firm SVP Global, after debt forgiveness that helped lighten its load by almost $1 billion.
By Daphne Howland • Oct. 22, 2021 -
Tailored Brands hires Neiman Marcus vet for CFO spot
Brandy Richardson, former financial chief for the luxury department store, joins another company trying to move on from a bankruptcy last year.
By Ben Unglesbee • Oct. 20, 2021 -
Courtesy of Lululemon
ColumnThe Weekly Closeout: Mirror plans Canada launch and what’s with all the e-commerce spinoffs?
Lululemon will expand the home fitness tech to nearly 200 stores, and Macy's is encouraged to follow department store Saks on a strange path.
By Retail Dive Staff • Oct. 8, 2021 -
The image by Dtobias is licensed under CC BY-SA 4.0
7 mall stores you forgot about
What is it about the mall experience that stokes nostalgia? Here's a look back at some of the brands that once loomed large in shopping centers.
By Kaarin Moore • Oct. 7, 2021 -
Pre-bankruptcy payouts under fire from government watchdog
Flailing retailers have paid many millions in retention bonuses to executives in the months and even days before a Chapter 11 filing.
By Ben Unglesbee • Oct. 4, 2021 -
Why retail bankruptcies have stopped dead — for now
Stimulus, vaccines and easy money have lifted even rickety ships in retail. Is it just a wave, or a new era of less distress?
By Ben Unglesbee • Oct. 4, 2021 -
Retail's pandemic bankruptcy bloodbath is over. But these 20 companies are still at risk.
Things are much better in the industry than in recent years. Retail will always be a tough business, though.
By Ben Unglesbee • Oct. 4, 2021 -
Daphne Howland/Retail Dive
Neiman Marcus warns 4.6M customers about data breach
Personal information and payment cards were exposed in the hack, which is not the first for the luxury department store.
By Ben Unglesbee • Oct. 1, 2021 -
Daphne Howland/Retail Dive
Claire's files for IPO 3 years after bankruptcy
Once another victim of private equity debt and mall disruption, the teen retailer reports growing sales and new investments in its business.
By Ben Unglesbee • Sept. 30, 2021 -
Guitar Center files confidentially for IPO: Debtwire
The instrument retailer's sales and profits are ticking up after last year's restructuring.
By Ben Unglesbee • Updated Sept. 23, 2021 -
Daphne Howland/Retail Dive
Sears to close the last department store in its home state
The retailer's perpetual diminishment continues, with only a few dozen large-format stores left under its namesake and Kmart brands.
By Ben Unglesbee • Sept. 17, 2021 -
Courtesy of J. Jill Inc.
Hardest hit: Retailers are putting 2020 behind them, but some still show weakness
J. Jill, Chico's, Tuesday Morning and others still show financial vulnerability even during a broad-based retail recovery, according to RapidRatings data.
By Ben Unglesbee • Sept. 16, 2021 -
"Tuesday Morning at the Sunset Esplanade in w:Hillsboro, Oregon." by M.O. Stevens is licensed under CC BY 4.0
Tuesday Morning fills out its C-suite
Over the course of the year the retailer, which exited bankruptcy in January, has added a new CEO, COO, CFO and CIO.
By Ben Unglesbee • Sept. 13, 2021 -
NYC home goods retailer ABC Carpet & Home files Ch. 11
More than a century old, the company skidded into bankruptcy with plans to sell itself after COVID-19 weighed on its sales and supply chain.
By Ben Unglesbee • Sept. 10, 2021 -
Washington Prime Group, facing an uncertain future, will go private
The retail REIT, whose Chapter 11 exit plan was approved last week, said that trading on the New York Stock Exchange wasn't worth the expense.
By Daphne Howland • Sept. 8, 2021
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